The Verdict: Hot Stock - Offshore Plays

This is the verdict on second set of hot stocks from The Edge after just one week. When STI and S-Chip continue their fall, they are some bright spot in offshore plays showing the resilent nature of their performance: SembCorp Marine.

Here is the verdit:

Sinking Feeling for Offshore Plays


SembCorp Marine – Momentum Breaks Down
$3.77 to $3.90

Cosco Corp – No Bottom Yet
$2.28 to $2.12

Keppel Corp – Set for Decline
$10.28 to $10.28

YangZiJiang Shipbuilding – Support Gives Way
$0.635 to $0.605

SembCorp – Testing Support
$4.28 to $4.24

Jaya Holdings – Poised for Breakdown
$1.36 to $1.24

The plunge of offshore play is lesser then 1% over one week. SembCorp Marine has offset the down fall of other offshore plays. It is wiser to stick to 'local' offshore plays for extra margin of safety in this volatile period.